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Property profile & analytics
OFF-MARKET
Office buildings
Concord Ave Monroe, NC 28110
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-3798217
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
384 SF
Lot
0.39 ac (16,945 SF)
Zoning code
GB MONROE
APN
09-226-022
UPID
US53-3798217
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lpl Commercial LLC · 1 yrs held
Lpl Commercial LLC
since 2025
Last sale
$176,000
6 recorded transactions
Zoning & alternative use
GB MONROE · Monroe, NC
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,052
Tax year 2023
Assessed value
$96,500
Assessed 2023
Previous assessed
$96,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$79,800
Assessed improvement
$16,700
Land market value
$79,800
Improvement market value
$16,700
Total market value
$96,500
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Buildings
2
Stories
1
Total area
384 SF
Lot
0.39 ac (16,945 SF)
Zoning code
GB MONROE
APN
09-226-022
UPID
US53-3798217
Jurisdiction
UNION
Zoning & alternative use
GB MONROE · Monroe, NCZoning GB MONROE · permitted uses
GB MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
monroe udo
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
YES
Stories
1
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Lpl Commercial LLC
Entity
Mailing address
2114 WHITE STORE RD, MONROE, NC 28112-8733
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
$176,000
Lpl Commercial LLC
Teresa P Grimes
Warranty Deed
$136,400 · American Bank
Jun 5, 2017
—
Vann P Parker
Parker,jeffrey W & Theresa
Quit Claim Deed
related
—
May 1, 2017
—
Jeffrey W Parker
Parker,vann P & Wilma L
Quit Claim Deed
related
—
Jun 3, 2015
—
Vann P Parker
Honeybee Trust
Quit Claim Deed
related
—
Aug 28, 2009
—
Honeybee Trust
Parker,vann P & Wilma L
Grant Deed
related
—
Jul 14, 2009
—
Honeybee Trust
Parker,vann P & Wilma L
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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